This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose that the United States and Italy both produce wine and shoes. In the United States, wine ... (Read 132 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Apr 19, 2019

Question 1

Initially trade between the United States and Canada is balanced. Then, if a change in the exchange rate reduces the U.S. dollar price of Canadian goods, 
ceteris paribus, we would expect


◦ a trade surplus in the United States.
◦ a trade surplus in Canada.
◦ a trade deficit in Canada.
◦ a trade deficit in both countries.

Question 2

Suppose that the United States and Italy both produce wine and shoes. In the United States, wine sells for $10 a bottle and shoes sell for $40 a pair. In Italy, wine sells for 15 euros a bottle and shoes sell for 20 euros a pair. If the current exchange rate is 0.8 euro to the dollar, then


◦ Italy will import both shoes and wine from the United States.
◦ the United States will import both shoes and wine from Italy.
◦ the United States will import shoes from Italy and Italy will import wine from the United States.
◦ the United States will import wine from Italy and Italy will import shoes from the United States.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by codyclark on Apr 19, 2019

al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


codyclark

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Apr 19, 2019
Thank you!


al

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

The United States in the Caribbean and Central America The United States in the Caribbean and Central America
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ... In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ...
How Urban Is Your State? The Rural-Urban Makeup of the United States How Urban Is Your State? The Rural-Urban Makeup of the United States
Remote satellite monitoring of gross primary productivity across the United States. The differences Remote satellite monitoring of gross primary productivity across the United States. The differences
Video: Sister chromatids of a metaphase chromosome animation

For a complete list of videos, visit our video library